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SpeedTrader vs Skilling

SpeedTrader vs Skilling Comparison Table 2023
SpeedTrader Skilling
Review
3

SpeedTrader is #38 in our broker rankings.

Review
4.7
United States Flag Traders from US accepted
United States Flag Traders from US not accepted
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SpeedTrader is an online stock broker based in New York. Founded in 1999, the brokerage provides direct access trading software to experienced stock traders, with over 25 routing options. The broker is authorized by FINRA and SIPC, providing robust client protection.

Skilling is a multi-asset broker founded in 2016 and based in Cyprus. The brand offers hundreds of instruments with competitive spreads from 0.1 pips and beginner-friendly platforms. Skilling are also regulated in Europe and beyond with a transparent pricing structure. Sign up and start trading in three easy steps.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Comment by Reviewer
"SpeedTrader will suit experienced and active day traders looking for very low fees and advanced platforms, in exchange for a $30,000 minimum deposit." "Skilling is a top pick for beginners looking for user-friendly platforms, copy trading features and educational resources to learn as you invest."
Pros
  • Access a range of US stocks, options, bonds and mutual funds, plus extended hours trading available from 4am to 8pm EST
  • Two powerful platforms with level 1 price data, live news streams, advanced charting and more
  • Heavily regulated in the US by FINRA, plus SIPC compensation coverage up to $500,000
  • Competitive fees at $0.0009 per share and $0.25 per options contract
  • Reliable 24/7 customer support via live chat, telephone and email
  • Multiple routing options
  • Short selling aids
  • Full suite of investments including stocks, indices, forex, commodities and cryptocurrencies
  • Good range of payment methods for global traders
  • Trusted and licensed by the CySEC and FSA
  • Multiple account currencies and low deposit
  • Intuitive copy trading solution
  • MT4 platform integration
  • Highly rated broker
  • Demo account
Cons
  • Only US stocks available, with no forex, commodities or cryptos
  • Not suitable for beginners with a $30,000 minimum deposit
  • Mobile trading is limited to iPhone and iPad users
  • Demo account valid for 14 days only
  • $30 inactivity fee every quarter
  • $35 withdrawal fee
  • No APIs
  • Limited market research
  • Fairly new brand
Awards
  • Best Forex Trading Platform - Global Forex Awards 2022
Instruments
Stocks, options, bonds, mutual funds Offers CFD’s in Forex, CFD’s in Stocks, CFD’s in Indices, CFD’s in Commodities and CFD’s in Cryptocurrencies
Demo Account
Yes Yes
Minimum Deposit
$30,000 $100
Trading Platforms
  • Own
  • MT4
  • cTrader
  • TradingView
  • AutoChartist
Payment Methods
Minimum Trade
1 Share 0.01 Lots
Regulator
FINRA, SIPC CySEC, FSA
Margin Trading
No Yes
STP Account
No Yes
ECN Account
No No
DMA Account
No No
MAM Account
No Yes
PAMM Account
No Yes
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No Yes
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
Yes iOS & Android + Web App
Auto Trading
No Expert Advisors (EAs) on MetaTrader
Copy Trading
No Yes
Copy Trading Platform
Copy trading is available through Skilling Copy. 800+ strategies can be mirrored on the award-winning platform. Strategy providers can also use the service to generate an additional revenue stream.
Social Trading
No Yes
Trade Signals
Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No Yes
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
2.5% withdrawal charge if you request funds with no trading activity
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • SEK
  • NOK
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered Take positions on hundreds of CFDs covering stocks, indices, forex and commodities. Get competitive pricing and ultra-fast execution while leverage can boost your purchasing power and potential returns.
Leverage
1:30 (EU), 1:200 (Pro), 1:500 (Global)
FTSE Spread
From 1.5
GBPUSD Spread
From 0.1
Oil Spread
From 0.4
Stocks Spread
From 0.1%
Forex Trading
Forex trading not offered Skilling offers Standard and Premium accounts with competitive leverage and spreads across a wide range of major, minor and exotic forex pairs. Over 70 currencies are available, providing more trading opportunities than most competitors.
GBPUSD Spread
0.1
EURUSD Spread
0.1
EURGBP Spread
0.1
Assets
70+
Cryptocurrency
Crypto trading not offered Trade 50+ crypto pairs via leveraged CFDs. The list of tokens is longer than many rivals and the broker offers a secure trading environment. Cryptocurrency trading is not available to traders in China.
Spread
BTC 0.5
Coins
  • ACM
  • APE
  • AVE
  • ATM
  • AVA
  • AXS
  • BTC
  • BAR
  • BNB
  • BTC
  • BSV
  • XBN
  • ADA
  • CHZ
  • ATOM
  • CRO
  • DASH
  • MANA
  • DOGE
  • EOS
  • ETH
  • ENJ
  • XET
  • ETC
  • FTM
  • ONE
  • HT
  • IOTA
  • JUVE
  • LTC
  • LNK
  • XLC
  • XMR
  • NEO
  • OMG
  • PSG
  • CAKE
  • DOT
  • MATIC
  • QTUM
  • XRP
  • ASR
  • SAND
  • SHIB
  • SOL
  • XLM
  • SNX
  • XTZ
  • THT
  • TRX
  • UNI
  • VET
  • WAVE
  • ZRP
  • ZEC
  • YFI
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No Yes
Review
Review
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
More Comparisons
SpeedTrader
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 Skilling
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